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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI unexpectedly rose in October
In the UK, the construction PMI recorded an unexpected rise to a level of 53.20 in October, higher than market expectations of a drop to a reading of 52.00. The index had registered a level of 52.10 in the previous month.
Euro-zone manufacturing PMI slid in October
In the Euro-zone, the final manufacturing PMI eased to a level of 52.00 in October, lower than market expectations of a drop to a level of 52.10. The index had recorded a level of 53.20 in the prior month.
German manufacturing PMI declined in October
The final manufacturing PMI in Germany recorded a drop to a level of 52.20 in October, compared to a reading of 53.70 in the prior month. Market anticipation was for the index to drop to a level of 52.30.
Non-farm payrolls in the US increased in October
Non-farm payrolls in the US recorded an increase of 250.00 K in October, higher than market anticipations of an advance of 200.00 K. Nonfarm payrolls had recorded a revised increase of 118.00 K in the previous month.
US trade deficit widened in September
The US has posted trade deficit of $54.00 billion in September, from a revised deficit of $53.30 billion in the previous month. Markets were expecting the nation to register a deficit of $53.60 billion.
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